Ukrenergo will receive €150 million to pay off debt to green generation

Ukrenergo will receive €150 million to pay off debt to green generation shutterstock
Katerina Belousova

The debt of "Ukrenergo" for the service to increase the share of "green" generation in the energy system reaches 12 billion hryvnias

The National Commission for Energy and Utilities (NEURC) approved signing of a loan agreement between NEC Ukrenergo and the European Bank for Reconstruction and Development (EBRD) in the amount of €300 million.

€150 million will be directed to the restoration and maintenance of the electricity transmission system of Ukraine, and the rest to the partial repayment of debt to renewable energy sources (RES), reports RBC-Ukraine.

The article explained that €150 million will be directed to Ukrenergo's working capital needs to finance critical operating costs related to the generation of electricity from RES and the payment of compensation for limiting generation from RES.

According to "Guaranteed Buyer", the debt of NEC Ukrenergo for the service of increasing the share of green generation in the energy system reaches 12 billion hryvnias.

Earlier, EcoPolitic wrote, that the Cabinet of Ministers of Ukraine should place bonds for repayment of debts to producers of clean energy in October 2021. Prime Minister Denys Shmyhal agreed with this during the meeting of the Anti-Crisis Energy Headquarters.

As EcoPolitic reported earlier, in Ukraine due to the full-scale invasion of Russia 90% of wind capacities have been decommissioned and 30% of solar power plants.

Related
A draft bill on the taxonomy of sustainable activities has been presented in Ukraine
A draft bill on the taxonomy of sustainable activities has been presented in Ukraine

The document sets out the sustainability criteria, environmental objectives and technical criteria required to assess a business’s operations

To mow or not to mow: the disruption of climate experiments and petitions regarding grass mowing
To mow or not to mow: the disruption of climate experiments and petitions regarding grass mowing

Common urban practices simply turn lawns into barren patches of dust

Investing in wind power: will the wind farm boom enable the sector to return to pre-war levels as early as 2026?
Investing in wind power: will the wind farm boom enable the sector to return to pre-war levels as early as 2026?

Companies are being forced to seek resources for ‘green’ investments abroad

Not a word about the environment: the priorities of the new Prime Minister, Serhiy Koretskyi
Not a word about the environment: the priorities of the new Prime Minister, Serhiy Koretskyi

According to him, it "will take time" to re-establish a separate Ministry of the Environment